The U.S. Olympic Committee, headed by managing director Jerry Colangelo, has sent out contracts to 22 NBA players, 2 college players, and 1 high school player.

And sources indicate Allen Iverson, despite publicly and privately expressing his desire to be a member of the team, is not one of the select few recieving one of those contracts.

Instead he is about to recieve a letter thanking him for his interest. As one of the sources stated: "We tried to make the letters as appreciative and professional as possible. The idea was to try and bring people down softly."

Iverson, who has not yet recieved formal confirmation of this decision, has nonetheless heard the rumors. His response was simple: "Thanks for considering me," he said. "Now, I get to spend time with my kids in the summer."

The 25 invitees will be announced by Colangelo and U.S. head coach Mike Krzyzewski, this Sunday, live on ABC.